Is cost accounting the answer? Comparison of two behaviorally based methods for estimating the standard deviation of job performance in dollars with a cost-accounting-based approach
Article Abstract:
Accurate estimation of the standard deviation of job performance in dollars (SD)(y) can improve the precision of utility estimates of expected payoffs from personnel programs. The purpose of this study was to compare directly the estimates of SD(y) obtained using a cost-accounting-based estimate of SD(y), the Global Estimation Model, and the CREPID procedure. The study was conducted in a large, soft-drink bottling company. Each method for estimating SD(y) was applied to the job classification, route salesman, producing three independent estimates of SD(y). These estimates were tested for significant differences. Results indicated that the Global Estimation Model estimate and the cost-accounting-based estimate were not significantly different, whereas the estimate produced by the CREPID procedure was significantly smaller. Limitations of the cost-accounting-based estimate are identified and results are discussed in terms of their implications for the theory and practice utility analysis in organizations. (Reprinted by permission of the publisher.)
Publication Name: Journal of Applied Psychology
Subject: Social sciences
ISSN: 0021-9010
Year: 1987
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Cumulative evidence of the relationship between employee age and job performance
Article Abstract:
On the basis of a review of 22 years of articles published in 46 behavioral science journals, we found a total of 96 independent studies that reported age-performance correlations. Total sample size was 38,983 and represented a broad cross-section of jobs and age groups. Meta-analysis procedures revealed that age and job performance generally were unrelated. Furthermore, there was little evidence that the type of performance measure (ratings vs. productivity measures) or type of job (professional vs. nonprofessional) moderated the relation between age and performance significantly. However, for very young employees the relation between age and job performance was consistent and modestly positive. Implications of these results for future research are discussed. (Reprinted by permission of the publisher.)
Publication Name: Journal of Applied Psychology
Subject: Social sciences
ISSN: 0021-9010
Year: 1989
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Development and application of a new method for assessing job performance in behavioral-economic terms
Article Abstract:
A four-year research effort derived a method for tying psychological job performance factors to economic returns. A test with 602 first-level managers showed that the method was feasible, practical and simple to use. This test found that an assessment center provided improved performance per person and significantly improved economic payoff, compared to a promotion process based on interviewing.
Publication Name: Journal of Applied Psychology
Subject: Social sciences
ISSN: 0021-9010
Year: 1986
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